Many folks thought the housing market would never again be as crazy as it was in the early 2000’s, but guess what? Here we are again! Housing is selling full boar and many listings are getting multiple offers within days.... or even hours. Buyers are making offers “sight unseen” just to have a chance at getting a home under contract. This frenzy is leading many buyers feeling desperate and...
The gravity of the 2008 crash is impossible to forget. But what we may not remember is that there were economic downturns that resulted in appreciated home values. Of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average. Market conditions are not the same as 2008 which is the biggest indicator that we will...
Many buyers of land will use a loan for their purchase. Unfortunately some of those buyers are in for a shock regarding the down payment because this type of loan is viewed differently than real estate purchases with homes or buildings. For some insight, here are key factors to know about down payments for land loans. 1. How much is the down payment on a land loan? Lenders require 20-50 percent of the...